A new report released by the consulting company ALIXPARTNERS recently shows that it is expected that Chinese auto manufacturers will continue to expand rapidly in overseas markets, and will account for 33%of the global automotive market by 2030.
In contrast, the share of Chinese car companies in the global automotive market this year is expected to be 21%. The growth of most market share will come from markets outside China. It is expected that by 2030, the sales of Chinese car companies in overseas regions will increase from 3 million this year to 9 million units, and the overseas market share will increase from 3%to 13%.
Ai Ruibao said that Chinese brands are expected to grow in all markets around the world. However, the company added that in the Japanese and North American markets, the expansion of Chinese brands will be relatively slow, especially in the United States. The country’s vehicle safety standards are stricter, and it has announced that it has levied the imported Chinese electric vehicles as high as 100%of 100%. tariff.
In North America, Chinese auto manufacturers are expected to account for only 3%of the market share, mainly in Mexico, and it is expected that by 2030, one of each five cars in Mexico is a Chinese brand. Ai Ruibao also said that in most other major parts of the world, the share of Chinese auto manufacturers is expected to grow in exponential levels, including Central South America, Southeast Asia, the Middle East and Africa.
In China’s local market, Airina’s market share is expected to increase from 59%to 72%. In recent years, with the rapid rise of companies such as BYD, Geely and Weilai, traditional car manufacturers such as General Motors have lost a lot of market share in China.
In the European market, Chinese auto manufacturers have developed rapidly in recent years. Airina predicts that by 2030, the market share of Chinese automobile brands in Europe will turn from 6%to 12%.
Mark Wakefield, the global co -person in charge of industrial practice, said in a statement: “China is a new subverter of the automotive industry -can create faster listing, cheaper, technology and design more advanced, manufacturing efficiency more efficiency High car. “
According to Ai Ruibao, Chinese electric vehicle manufacturers are usually 20 months when they create new products, which are half of traditional car manufacturers. It is mainly to fully meet the standards through design and testing, and will not be excessively designed. In addition, Chinese car companies also have a cost advantage of 35%.
The rapid expansion of Chinese auto manufacturers has caused the concerns of traditional auto manufacturers and politicians around the world. Many people are worried that the low -priced Chinese manufacturing cars will flood the market and weaken the competitiveness of models produced in various countries, especially pure electric vehicles.
Wakefield said that for traditional automobile manufacturers, to compete with Chinese auto manufacturers, you need to rethink your business development process and automotive development speed.